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Directly Contacting Prospective Renter

Started by RClavi
about 18 years ago
Posts: 69
Member since: Aug 2007
Discussion about
I just bought an investment property in BPC and am looking to rent out for several months until September (planning to rent to a good friend who will be attending school Sept onwards in town). I have a good broker who seems trustworthy, and he has forwarded me several clients who will only rent for at least one year. I have no reason not to trust my broker but obviously there is incentive on his part to prolong the lease. Am I way out of line to ask to directly speak with the prospective renter just to confirm their length of stay?
Response by northsider
about 18 years ago
Posts: 28
Member since: Oct 2007

I don't think you are so long as you still plan to honor the commission agreement you signed with the broker.

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Response by RClavi
about 18 years ago
Posts: 69
Member since: Aug 2007

Thanks, I definitely don't have a problem w/him receiving his fair share. Just wanted to see if contacting the renter directly to confirm was a normal request through my broker and buyer's broker.

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Response by northsider
about 18 years ago
Posts: 28
Member since: Oct 2007

Also, you can always try posting on Craigslist for short term rental opportunities.

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Response by nyg
about 18 years ago
Posts: 150
Member since: Aug 2007

You have a right to ask for it if you would really feel more comfortable. That having been said, no it is not a normal request, and suggests to not only your broker but to the prospective renters that you suspect your broker is lying to you--an uncomfortable situation all around. It is not surprising that your broker is finding it easier to find tenants for a year as the vast majority of renters are looking for just that. Perhaps a less offensive and more productive approach would be to ask your broker what he is doing to specifically market to short term renters.

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Response by Mel
about 18 years ago
Posts: 126
Member since: Jan 2008

Not sure what the difficulty is.
If the lease is only for a few months, and someone is willing to pay a broker's fee for less than a year's lease, why the hell not?

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